Duplex with Detached
706 Topeka Ave Pueblo, CO 81006
For Sale
$249,500
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size2,496 SF
Lot Size0.14 Acres
Price / SF$99.96
Days on Market42
Property Features for 706 Topeka Ave
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-4
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2
Parking
1
Parking features
Garage - Attached
Interior features
New Paint
Fireplace
1
Basement
Unfinished
Appliances
Refrigerator-All, Electric Range-All
Standard status
Active
APN
1406301042
Size
2,496 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 132 + 133 FRANCES SUB
Tax Annual Amount
1489
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
1928
Number of units
2
Flooring type
New floor coverings
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Buy Smart Colorado
(719) 310-8464
Listed By:
Caleb Skelton
(719) 216-4057
Added: Jun 18
Changed: Jul 12
Last Checked: Jul 29 at 10:06PM
MLS# 240608
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of a ranch-style single-family home and a detached cottage, configured as two separate rental units. Both units are currently occupied by long-term tenants who have remained in place since the property was remodeled in 2024. The larger home includes a huge unfinished basement that can support additional storage, future finishing, or other interior improvements. The front unit features a detached garage, and both units have their own private fenced yards for added separation and tenant usability.
Located at 706 Topeka Ave in Pueblo, Colorado, the rear cottage is accessed through the alley, supporting practical privacy for occupants. The property is zoned R-4. The owner pays for water, while tenants are responsible for electric, gas, and trash, which can help keep operating costs structured and predictable.
For investors or owner-operators, the current configuration offers an easy, two-unit rental setup with separate outdoor space for each tenant. With both units already in place and occupied, buyers can focus on ongoing management and any future opportunities related to the unfinished basement, while the existing utility arrangement remains part of the day-to-day expense picture.
Located at 706 Topeka Ave in Pueblo, Colorado, the rear cottage is accessed through the alley, supporting practical privacy for occupants. The property is zoned R-4. The owner pays for water, while tenants are responsible for electric, gas, and trash, which can help keep operating costs structured and predictable.
For investors or owner-operators, the current configuration offers an easy, two-unit rental setup with separate outdoor space for each tenant. With both units already in place and occupied, buyers can focus on ongoing management and any future opportunities related to the unfinished basement, while the existing utility arrangement remains part of the day-to-day expense picture.
Key Highlights
- Two‑unit property in Pueblo: single‑family home plus a detached cottage, both currently occupied by long‑term tenants
- Remodeled in 2024 with tenants in place; current rental income is $2,788/month (over $33,000 annually)
- Large home includes a huge unfinished basement for storage or future finishing/value‑add potential
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $12.12 |
| − Vacancy | −$1.1k | −$0.43 |
| EGI | $29.2k | $11.69 |
| − OpEx | −$8.8k | −$3.51 |
| NOI | $20.4k | $8.19 |
2,496 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,402 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$520.1K
$455.1K – $606.8K
NOI $36,408 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units include a detached cottage, privately fenced yards, and a garage for tenant use.
Where is this duplex located?
The property is located at 706 Topeka Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Two‑unit property in Pueblo: single‑family home plus a detached cottage, both currently occupied by long‑term tenants; Remodeled in 2024 with tenants in place; current rental income is $2,788/month (over $33,000 annually); Large home includes a huge unfinished basement for storage or future finishing/value‑add potential
